Richard Farr

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Richard Farr

Richard Farr

@farrmacro

Chief Market Strategist / Partner @ Pivotus Partners. Always seeking truth / assessing risks. My opinions only. Not investment advice. Do the work!

Katılım Ocak 2017
600 Takip Edilen6.5K Takipçiler
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Richard Farr
Richard Farr@farrmacro·
I write macroeconomic and strategy assessments for the institutional investment community. My posts here are things that I find interesting, thoughtful, or merely just entertaining. Although some of my posts may reflect strongly-held views on the investment landscape, that doesn't mean those views won't change as facts change and it certainly doesn't mean those things are right for YOU! Proper investment advice involves a deep understanding of your goals, needs, and risk-tolerances. Nobody should consider anything here investment advice, but rather, merely informative. I'd probably offer the same level of caution about getting medical advice here too, by the way. Have a health issue? See a doctor. Want to devise a financial plan? Well, see a financial advisor. Twitter ain't going to cure you in either instance.
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CurryBlur
CurryBlur@CurryBlur·
@farrmacro @Uncatfishable They aren't paid fair wages due to collusion and monopolization. And no one can create competitive startups. I'd love to see you build a competitor to Amazon.
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Richard Farr
Richard Farr@farrmacro·
All that talk about "too late" Powell and now this
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Elizabeth Warren
Elizabeth Warren@ewarren·
The student loan system is increasingly rigged against borrowers. Trump is cutting federal options and gutting the CFPB, pushing people toward private lenders with even fewer protections. More and more, it's a real heads-they-win, tails-you-lose situation for working families.
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Richard Farr
Richard Farr@farrmacro·
Workers being replaced by algorithms is mostly a subjective statement. Unemployment Claims aren't rising. Layoff announcements are below last year (50% below). And as millions of people retire each year, there aren't enough new entrants to keep up with replacement needs. challengergray.com/blog/category/…
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Gavin Newsom
Gavin Newsom@GavinNewsom·
The system is broken. Billionaires get richer. Workers get replaced by algorithms. The economic disruption is here. And California is taking action today. We have to build a future that protects workers, supports small businesses, and ensures the new economy works for everyone, not just a handful of tech companies. It’s time to rewrite the rules to make sure THE PEOPLE benefit.
Gavin Newsom tweet media
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Richard Farr
Richard Farr@farrmacro·
Has the potential to be one of the greatest draft steals in history
MLFootball@MLFootball

TRENDING: Pittsburgh #Steelers rookie running back Eli Heidenreich has gone viral on social media for looking exactly like All-Pro RB Christian McCaffrey. 👀👀👀 Pittsburgh may have gotten a steal in the seventh round of the draft.

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Richard Farr
Richard Farr@farrmacro·
You're right!!! If all you do is work the cashier your whole life at Walmart and never once get a raise or promotion, never once go back to school, never once look for another jobs anywhere, you're in a very shitty situation!!! As for those who do excel at their jobs ... *Walmart Cashier: Averages $13.59 to $15.16 per hour *Sales Associate / Personal Shopper: $15.58 to $17.73 *Team Lead: $19.00 to $37.00 per hour *Store manager: $218k to $530k per year (total comp) *Regional (market) managers earn between $420,000 and $620,000 annually, including base salaries, stock awards, and bonuses. With a base salary starting at $160,000, these high-performing leaders oversee a cluster of about a dozen stores.
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Melanie D'Arrigo
Melanie D'Arrigo@DarrigoMelanie·
Walmart just reported $5.33 billion in profits for Q1. The average Walmart worker is paid less than a living wage, forcing them to rely on taxpayer-funded government assistance. Walmart's profits are our tax dollars subsidizing their poverty wages.
Melanie D'Arrigo tweet media
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Richard Farr
Richard Farr@farrmacro·
The word "Pressure" was mentioned 13 times on Walmart's earnings call today.
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QuadStudent@Macrophiliac
QuadStudent@Macrophiliac@macrophiliac·
@farrmacro Good time for a David Bowie bump song. Under Pressure I know the feeling. Gonna be out of commission next 6-8weeks for a major surgery
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Richard Farr
Richard Farr@farrmacro·
"exploited"? Meaning they are enslaved and unable to find jobs elsewhere? Unable to switch careers, up their education and skills? There's no competing jobs anywhere to be found despite the millions of people retiring each year and decreasing number of new entrants into the workforce?
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CurryBlur
CurryBlur@CurryBlur·
@farrmacro @Uncatfishable Okay, guess nothing is wrong and no workers anywhere are being exploited. Thanks for clearing that up for me Richard.
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Richard Farr
Richard Farr@farrmacro·
You can drive to Costco. You don't need to go to Amazon. And Walmart, Target, etc are already expanding into home delivery. As is every major grocery store. If they chip away at Amazon's market share, Amazon will be left with underutilized capacity and earnings will tumble. Yet, it isn't happening. There is value being created.
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CurryBlur
CurryBlur@CurryBlur·
@farrmacro @Uncatfishable The insurmountable cost to get to that point is stopping them. Me using them or not won't change that. You don't understand how monopolies work. This is a system issue, not an issue created by each individual consumer. Other companies can't compete.
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Richard Farr
Richard Farr@farrmacro·
@CurryBlur @Uncatfishable Nothing stopping Walmart, Target, Temu, or anyone else from doing that. And again, you don't have to have to use them.
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CurryBlur
CurryBlur@CurryBlur·
@farrmacro @Uncatfishable I don't consume Oprah or Starbucks. But Amazon is absolutely a monopoly because one company has a huge amount of distribution/logistics/internet backend services. Do you actually not get that? Seriously?
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Richard Farr
Richard Farr@farrmacro·
@WonOneWun @Uncatfishable I’d say you’re wrong. People are going to Starbucks and places like that every day. And doordashing the most ridiculous things and getting amazon delivered constantly. The revenues confirm it. And that’s why these folks keep getting richer.
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WonOneWun
WonOneWun@WonOneWun·
@farrmacro @Uncatfishable What if I told you the average person already doesn’t do those things all the time lmao. I might get a scooters coffee “$7” once or twice a month if I pick up an extra shift in a Saturday morning. MOST people are not getting Starbucks every single morning.
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Richard Farr
Richard Farr@farrmacro·
@Rytetz29 Meanwhile AtlantaFed GDPNow is 4%. The stimulus and wealth effect is creating quite a bifurcated economy.
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RT
RT@Rytetz29·
@farrmacro Walmart down. Never a good sign
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Richard Farr
Richard Farr@farrmacro·
What monopoly has Starbucks created? Oprah? Amazon? Amazon doesn’t even have the lowest prices any longer. You can get better deals elsewhere. So why do people still shop there? Why do people DoorDash stuff? The monopolies are the defense contractors, healthcare companies and utilities. Yet, they don’t seem to have these generational billionaires in those industries. There is a flaw in your analysis. These folks are creating value and thus the money is flowing to them in epic proportions. You can stop using them tomorrow. But you won’t.
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CurryBlur
CurryBlur@CurryBlur·
@farrmacro @Uncatfishable Because they can't afford anything else because of insanely low wages, due to the monopolies created by those companies, the people who run them, and the government they bribe.
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Richard Farr
Richard Farr@farrmacro·
The 30 year old is never going to get a raise or new job? Never going to take any courses to advance his career? Never going to do anything that is exemplary and gets his boss to give him a big bonus? If not, sure sounds like 20 years will be necessary to save money. Maybe longer.
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Ian Miller
Ian Miller@ianmSC·
I like Kevin O’Leary, but assuming he’s right about coffee and sandwiches, which he isn’t, saving $5 on coffee and $14 per day on sandwiches over 260 work days is $4,940 Which means it’ll take a 30 year old 20 years to save up a 20% down payment on a median home in Nashville
dank@cptdankkk

Kevin O'Leary says most people waste $15,000 a year on stupid stuff like $5 coffees "Stop buying coffee for five dollars and fifty cents" "You go to work and you spend $15 bucks on a sandwich, what are you an idiot. It costs you 99 cents to make a sandwich at home and bring it with you" "Bring your own water, your own drink or your own coffee mug. You start to add that up every day it's a ton of money" "Most people starting on their job making their first $60,000 piss away about $15,000 a year"

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@CurryBlur @Uncatfishable @RepLuna @ewarren @macrophiliac @elonmusk @BarackObama @taylorswift13